AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Significant Growth in Short Interest

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,104 shares, an increase of 531.2% from the December 15th total of 1,284 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 16,424 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 16,424 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

AB Core Plus Bond ETF Stock Down 0.1%

CPLS stock traded down $0.04 during trading on Monday, reaching $35.61. 5,365 shares of the stock were exchanged, compared to its average volume of 6,638. The firm’s 50 day moving average is $35.74 and its 200 day moving average is $35.68. AB Core Plus Bond ETF has a twelve month low of $34.22 and a twelve month high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.1302 per share. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its stake in AB Core Plus Bond ETF by 5.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,020,322 shares of the company’s stock valued at $36,630,000 after purchasing an additional 51,402 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of AB Core Plus Bond ETF by 5.4% during the third quarter. NewEdge Advisors LLC now owns 137,966 shares of the company’s stock valued at $4,953,000 after buying an additional 7,046 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in AB Core Plus Bond ETF by 119.2% during the third quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after buying an additional 72,906 shares in the last quarter. Royal Bank of Canada purchased a new stake in AB Core Plus Bond ETF in the 1st quarter valued at $2,608,000. Finally, JPMorgan Chase & Co. purchased a new stake in AB Core Plus Bond ETF in the 3rd quarter valued at $1,899,000.

AB Core Plus Bond ETF Company Profile

The AB Core Plus Bond ETF (CPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated corporate and government debt securities of any maturity and credit quality. CPLS was launched on Dec 13, 2023 and is issued by AB Funds.